Bharat Forge Ltd.
NSE: BHARATFORGBharat Forge Ltd.: A 30-second snapshot
Bharat Forge trades at Rs 2,164.70, up 80.5% over the past year and just 2.98% below its 52-week high, with price above both the 50-DMA (Rs 2,061.08) and 200-DMA (Rs 1,703.80). Trailing PE stands at 97.73x (44.95x forward) against ROE of 11.6% that has not exceeded 15% in the tracked persistence window, and a composite quality score of 23 (0-100 scale) ranks 5th of 6 tracked Auto sector peers. Recent news flow (8 articles, mid-to-late July 2026) is concentrated around a single MoU with Flying Whales to manufacture heavy-lift airships in India.
P/E
97.7
Forward P/E
44.9
ROE
+11.6%
Debt / Equity
76.47
Profit Margin
+6.4%
Div. Yield
+0.4%
5Y ROE > 15%
0/5
5Y FCF > 0
4/5
Quality
47/100
News
8 headlines · 7 positive · 0 negative
Bharat Forge-ன் புதிய அத்தியாயம்: பிரம்மாண்ட ஏர்ஷிப்களை இந்தியாவில் தயாரிக்க ஒப்பந்தம்! - whalesbook.com
whalesbook.com
Bharat Forge Limited and Flying Whales Sign Strategic MoU to Develop and Manufacture Heavy-Lift Airships for Sovereign Applications in India - marketscreener.com
marketscreener.com
Bharat Forge Signs Airship MoU With Flying Whales; Shares Edge Lower - HDFC Sky
HDFC Sky
Bharat Forge signs MoU with Flying Whales to develop heavy-lift airships for India's defence needs - Business Upturn
Business Upturn
Bharat Forge आणि FLYING WHALES एकत्र! भारतात बनणार प्रचंड क्षमतेची एअरशिप्स - whalesbook.com
whalesbook.com
Recent context
- ·Five of the 8 tracked headlines (July 22, 2026) cover the same event across outlets and languages: Bharat Forge signed a strategic MoU with Flying Whales to develop and manufacture heavy-lift airships for sovereign applications in India.
- ·Overall news sentiment for the sample reads positive (7 of 8 articles), though the narrow event window and single-story concentration limit how much can be read into broad sentiment trend.
- ·Mean analyst rating stands at 3.04 across 23 analysts on a 1-5 scale (lower = more constructive), a mid-scale reading relative to the stock's 80.5% 1-year price gain.
Strengths
- +Price up 80.5% over 12 months and 16.32% over 3 months, trading above both the 50-DMA and 200-DMA with RSI at 56.31 (neutral, not overbought).
- +Free cash flow was positive in 4 of the 5 tracked years (fcfPositiveYears = 4), with a flat rather than rising debt trend.
- +Revenue grew at a 17.5% CAGR over 5 years, indicating sustained top-line demand.
- +News sentiment reads 7 positive / 1 neutral / 0 negative across the latest 8-article sample, tied to a new MoU with Flying Whales to manufacture heavy-lift airships in India - a diversification into aerospace/defense.
Weaknesses
- −Trailing PE of 97.73x (44.95x forward) sits at the rich end of the tracked Auto peer set (20.70x-37.22x), while ROE of 11.6% has not crossed 15% in the tracked persistence window.
- −5-year earnings CAGR of -18% against 5-year revenue CAGR of +17.5% - revenue growth has not converted into earnings growth over that stretch.
- −Composite quality score of 23 (0-100 scale) ranks 5th of 6 in the tracked Auto peer group, ahead of only TMPV (16).
- −Debt-to-equity of 76.5% alongside a profit margin of 6.42%, with a flat multi-year debt trend.
Open questions
- ?Does the gap between 5-year revenue growth (+17.5%) and 5-year earnings growth (-18%) reflect temporary margin compression or a more structural cost issue?
- ?What would need to change in ROE (currently 11.6%, never above 15% in the tracked window) for the current 97.73x trailing PE to look supported by underlying returns?
- ?How much of the Flying Whales MoU is likely to contribute to near-term revenue versus representing a longer-horizon strategic option?
- ?Given the stock's quality-score rank of 5th of 6 tracked Auto peers, what specific operating metrics would need to improve to close that gap?
Peer comparison: Auto
Ranks 5 of 6 on quality| Symbol | Name | P/E | ROE | Quality |
|---|---|---|---|---|
| BHARATFORG | Bharat Forge Ltd.You're viewing | 97.7 | +11.6% | 23 |
| Industry avg | across 5 peers | 28.9 | +6.7% | 40 |
| BAJAJ-AUTO | Bajaj Auto Ltd. | 27.4 | — | 57 |
| EICHERMOT | Eicher Motors Ltd. | 37.2 | — | 56 |
| M&M | Mahindra & Mahindra Ltd. | 20.7 | — | 42 |
| MARUTI | Maruti Suzuki India Ltd. | 30.5 | +14.4% | 31 |
| TMPV | Tata Motors Passenger Vehicles Ltd. | — | -1.1% | 16 |
Technical state
Current price
₹2,164.70
SMA 50
₹2,061.08
SMA 200
₹1,703.80
RSI (14)
56.3 (neutral)
From 52w high
-3.0%
1Y return
+80.5%
3M return
+16.3%
50-DMA
Above
200-DMA
Above
Algorithmic support levels
Algorithmic resistance levels
Risk flags
- highTrailing PE of 97.73x (44.95x forward) is the richest multiple among the 5 Auto peers with PE data (range 20.70x-37.22x, next-highest EICHERMOT at 37.22x), while ROE of 11.6% has not exceeded 15% in the tracked persistence window (roeYearsAbove15 = 0) - the valuation multiple is not supported by the company's tracked return-on-equity history.
- high5-year earnings CAGR of -18% against 5-year revenue CAGR of +17.5%: sustained top-line growth over five years has not converted into earnings growth over the same period.
- mediumComposite quality score of 23 (0-100 scale) ranks 5th of 6 in the tracked Auto peer group, ahead of only TMPV (16); next-lowest apart from TMPV is MARUTI at 31.
- lowNews sample totals 8 articles for the period, of which 5 report the same single event (a Flying Whales MoU announced July 22, 2026) across different outlets and languages - sentiment reads positive (7/1/0) but the sample is concentrated on one story rather than broad-based coverage.
- low3 of 5 tracked Auto sector peers (BAJAJ-AUTO, EICHERMOT, M&M) show null ROE and null priceChange1Y in the peer dataset, limiting how directly BHARATFORG's ROE and price-return sector rankings can be benchmarked.
Cross-section contradictions
- Price is up 80.5% over 1 year and only 2.98% below its 52-week high, trading above both the 50-DMA (Rs 2,061.08) and 200-DMA (Rs 1,703.80) with a neutral RSI of 56.31 - while ROE has not exceeded 15% in the tracked persistence window, 5-year earnings CAGR is -18%, and the composite quality score ranks 5th of 6 tracked Auto peers.
- Mean analyst rating of 3.04 across 23 analysts (1-5 scale, lower = more constructive) sits at the middle of the scale even as the stock is up 80.5% over the past year and trading near its 52-week high.
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.
Fundamentals & technicals: refreshed 12 Aug 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 31 Jul 2026 · rotates through NIFTY 500 every ~5 days